| Authors |
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| Publication date |
2013
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| Series |
CESifo Working Paper, 4408
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| Number of pages |
9
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| Publisher |
Munich: CESifo
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| Organisations |
-
Faculty of Economics and Business (FEB) - Amsterdam School of Economics Research Institute (ASE-RI)
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| Abstract |
For a sample of sixteen OECD countries over the period 1980-2007 we show that, for given debt-GDP ratio, an increase in the maturity of the public debt by one year lowers its long-term interest rate by around 20-30 basis points. This effect is stronger for countries with higher average inflation or debt.
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| Document type |
Working paper
|
| Note |
September 2013
|
| Language |
English
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| Published at |
http://www.cesifo-group.de/DocDL/cesifo1_wp4408.pdf
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